NEW YORK: Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel.
The world’s largest sports apparel maker on Tuesday (Wednesday in Manila) reported a net profit of $1.5 billion, or 95 cents per share, in the three-month period ending Aug. 31, up 11 percent from the same 2019 quarter.
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